Is Southwest San Gabriel Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southwest San Gabriel Valley has remained a Seller's Market.
Housing Prices in Southwest San Gabriel Valley, CA
How much do homes in Southwest San Gabriel Valley, CA cost?
Median Sold Price
$860,000
$579/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southwest San Gabriel Valley was $860,000 in April 2024, up 5.1% from last year, and the median price per square foot was $579.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $460K | $421.5K | -8.4% |
2 Bedrooms | $688.8K | $720K | +4.5% |
3 Bedrooms | $820K | $850K | +3.7% |
4 Bedrooms | $951K | $1.0M | +10.4% |
5+ Bedrooms | $1.1M | $1.4M | +31.2% |
Summary: Southwest San Gabriel Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 31.2%.
Median Sold Price Compared To Nearby Cities
San Gabriel | $950K | $1.1M | +21.3% |
Rosemead | $785K | $850K | +8.3% |
Southwest San Gabriel Valley | $818.3K | $860K | +5.1% |
Alhambra | $801.6K | $842.5K | +5.1% |
Monterey Park | $850K | $860K | +1.2% |
Housing Supply in Southwest San Gabriel Valley, CA
How many homes are available in Southwest San Gabriel Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
298 | 308 | +3.4% |
Summary: The Southwest San Gabriel Valley real estate market had 308 homes for sale in April 2024, a 3.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 79 | 76 | -3.8% |
3 Bedrooms | 130 | 141 | +8.5% |
4 Bedrooms | 50 | 58 | +16.0% |
5+ Bedrooms | 34 | 29 | -14.7% |
Summary: The Southwest San Gabriel Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 14.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 99 | +15.1% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 99 homes were sold or pending in Southwest San Gabriel Valley in April 2024, up by 15.1% month-over-month. Of the 99 sold homes, 28% were sold under asking, 10% were sold at asking, and 62% were sold over asking.
Days on Market for Southwest San Gabriel Valley, CA
How long does it take to sell a home in Southwest San Gabriel Valley, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 26 Days | -31.3% |
Summary: Homes in Southwest San Gabriel Valley had an average of 26 days on market in Apr 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 99 homes were sold in Southwest San Gabriel Valley; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.